Gudmundsson, Gudmundur S.; Zoega, Gylfi - Birkbeck, Department of Economics, Mathematics & Statistics - 2013
We adjust current account surpluses and deficits of 57 countries in the period 2005-2009 for differences in the age structure of their populations and find that these differences can account for a significant part of the variation in the data. Among the large countries we find that the...